NASDAQ - If you know, you know..
Updated
Warned in August that 'September is coming' and mentioned that the 2020 summer playbook is in motion yet again. The difference? 2021 wasn't as abruptly brutal for bulls when the downtrend kicked in.
Watch these TL's and prepare for the next move. 14,400-14,450 if we get there within the next 2-3 days is a key level to watch, followed by 14,030.
https://www.tradingview.com/x/1zhvEwmY/
Watch these TL's and prepare for the next move. 14,400-14,450 if we get there within the next 2-3 days is a key level to watch, followed by 14,030.
https://www.tradingview.com/x/1zhvEwmY/
Note
NDX hit TL and bounced, NQ still bouncing after-hours. This 'could be' a swing low based on trading patterns off the last 12 months, pending confirmation. The key difference from previous corrections is that the TL doesn't coincide with previous strong resistance or support. If this is not the low, 14030 will act as strong support and we will bounce bigly from there.
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